Let Our Mortgage Brokers Teach You
Our mortgage brokers provide you with unbiased loan advice and the opportunity to compare the many mortgage products available in today's marketplace. Your mortgage professional negotiates with lenders on your behalf to get you the mortgage you want. You save time and money, so you can pay off your mortgage sooner.
Best of all, most services offered by mortgage brokers are FREE!
Meet Our Mortgage Specialists
At Mortgage Teacher LTD., we know that finding the right mortgage can have a major impact on your lifestyle and help you become mortgage-free sooner. Each one of our brokers and agents will guide you along and help you find the best mortgage to suit your circumstances.
President, Principal Broker
London & Dorchester, Ontario
My mission has always been to educate my clients so they are comfortable through every step of the buying process.Get to know Michael
Mortgage Agent/Team Leader
Real Estate and mortgage financing is in Wes' DNA. Coming from a family of generations of realtors, real estate investors and business owners and with over 15 years experience on his own, Wes has placed over $400 million in mortgage financing.Get to know Wes
Mortgage Agent, AMP
Patrice Gooding, an Accredited Mortgage Teacher, Toronto, London, Mortgage Agent.Get to know Patrice
Mortgage Agent, AMP
Placing over $300 million in residential mortgages over her 13 - year career, has earned Jill Houston the recognition as one of London's most trusted Mortgage Agents.Get to know Jill
Director of Client Care
My clients are first and foremost in everything I do.Get to know Ashley
Whether you're buying your first home, wanting to pull out some money to do renovations or want to set up a plan to buy a home in the future � I'm here to help. I'm free to meet or talk on the phone about your options.Get to know Lindsay
Questions Everyone Should Be Asking
What's the difference between a mortgage broker and a mortgage agent?
Quite simply, a mortgage agent or specialist works for a financial institution or brokerage firm. Either of these designations can source and place mortgages for you. A mortgage broker provides the same services but either owns, or can own a brokerage company. There are just different levels of licensing under the Mortgage Brokerages, Lenders and Administrators Act.
How do I find a mortgage broker in my city?
The best way to find a reputable mortgage broker in your city is to ask your family and friends. Usually, everybody knows somebody. If that's not an option, ask a realtor you may know or do a web search — many brokers have online profiles with testimonials, reviews, and biographies. Mortgage Teacher can help you find a broker you can trust to provide you with a variety of options based on your needs.
How much are mortgage broker fees?
The short answer is "zero!" There should be no fees to use a mortgage broker's services because mortgage brokers are paid by the lenders when a deal closes. But in some cases, when there are extremely difficult deals to put together, brokers may charge a variety of fees. In Ontario, the law requires mortgage brokers to disclose all fees up front, before a binding mortgage agreement is signed. For more information on specifc fees that may be charged please see this article.
What's the difference between a real estate agent and a mortgage broker?
A real estate agent is licensed to research, show, and negotiate the purchase of a home on your behalf. A mortgage broker is licensed to research and negotiate mortgage financing for the purchase of your home, on your behalf, with a variety of lending institutions.
Why do I need a mortgage broker?
Instead of having to meet with several financial institutions to research and negotiate the best mortgage, a mortgage broker does all of that for you. Mortgage brokers — like those here at Mortgage Teacher — also have access to all available lenders, whereas banks are often restricted to sell only their own mortgage products. You don't necessarily need to use a mortgage broker, but if you are inexperienced or shy of negotiating and would prefer more flexibility to find the best rate, a broker is definitely a good option.